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Search Results 0 to 49 of about 55 (some duplicates have been removed)
more than 4%. fiscal cliff concerns pushed the index to the highest level since july. one bright spot though was on the housing fnt. the monthly case-shiller report found october home prices rose 4.3% mpared with a year earlier. the data giving a late sign of recovery in the housing market is actually gaining traction. first our top story, president obama, cutting his vacation short, flying back to washington, d.c. tonight to work on afiscal cliff deal. now, if the stakes weren't high enough, the treasury department upped ante just a short time ago. it announced the u.s. will hit the debt ceiling on december 31st that is monday. treasury department is undertaking and this is a quote, extraordinary measures to postpone the country's date with the debt deadline, but will this bring a new sense of urgency and motivate politicians to reach a budget deal. joining us now, lindsey piegza, economist with ftn financial and james freeman, assistant editor of "the wall street journal"'s editorial page. james, i will art with you. does the treasury department's statement literally within the last
stopped reporting their casualty's at the beginning of july when they really started going up. it is hard to have a clear connection across the table. estimates are high. especially if you consider the number killed. >> what about suni muslims? do we have a sense of how many defections there have been from a group? >> will not try to make an estimate of how many suni officers and soldiers are left, anyone who is still there fighting was still there fighting regardless. there are locked up on a base literally and enter a prison are there out there fighting at this point. there is some gray area in the sense that i think you could have a lot of the regime's willing to go to a checkpoint and play defense when they are attacked but not willing to go into an opposition in neighborhood and really do some of the more violent work. >> [indiscernible] >> you know, it is so hard to know, i will be honest with you. there is a teeny, tiny glimmer of hope that i hold that the consolation of activity with you have a senior regime official whose suni vice president whose name has been mentioned as a tra
care reform law. ray suarez gets an update from julie rovner of npr. from the island of mindanao in the philippines, fred de sam lazaro profiles a group of peacekeepers struggling to maintain a fragile cease-fire between government and rebel forces.o >> there are many other organizations that do medical care and food provisions. never enough. what is new here is civilians protecting civilians. >> ifill: itn's john sparks reports on police officers in china, and their accusations of widespread corruption by local officials. and jeffrey brown samples the poetry about greece's financial woes and its austerity measures. >> we'll hock the person to buy our bread. if you believe the headlines, then we're sunk. greece downgraded deeper into junk. >> ifill: that's all ahead on tonight's newshour.n >> major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. >> and with the ongoing
back in july with the threshold of those tax hikes being at the $250,000 level. and that they could kind of say to the house, now the ball is in your court, you have to deal with this, it's still very much a possibility, don, that this doesn't work out, that we go over the fiscal cliff, and that was reflected today on the sunday shows from both democrats and republicans, take a listen. >> passing plan b the other night would not have changed the outcome, we're going to go over the cliff before, we're going to go over the cliff now. you cannot negotiate with someone that doesn't want to negotiate. >> in the aftermath of the house republicans rejecting speaker boehn boehner's plan b, i feel it's more likely we will go over the cliff than not, and that -- if we allow that to happen, it will be the most colossal consequence shall act of congressional irresponsibleability in a long time. maybe ever in american history. >> officially, the president is expected to be here -- or is supposedly here in hawaii through the new year, i think the expectation at this point is that with congress re
in timbuktu. the group began targeting it in july. they believe it is blasphemous to islam. they believe it is the group's responsibility. they called for international intervention to remove the rebels from the northern mali. as mullions say they have raided a hijacked ship and rescued 22 hostages held for nearly three years. some people are still being held hostage by somali pirates. after keeping been in suspense, mario monti has ruled out running in the february elections. he said he would consider leaving a future government is asked to. the as political parties not to destroy his achievement in saving the country from crisis. >> on sunday mario monti announced his plans for the future. two days after his resignation. >> i am not joining any specific party. i like the parties and the social class is to take home these ideas. or any other ideas. we need to come up with ideas. i hope the ideas here will be adopted by the vast majority of parliaments and also that it will bring new energy to the debate. >> it will not run directly into the next elections. he said to be ready to leave
. they started targeting shrines in july to impose strict islamic low. the security council also rise in deployment of an african-led force to help recapture territory held by rebels. the specialist and west african politics who has researched al qaeda's presents says security and elections in the country depend on successful military operation. >> trying to operate a military action when civilians are the chain of command, the top, are divided, is very much a problem. the only thing is the alternative is much worse. because how are we going to bring the divided civilians together? ideally it should be through elections. but how you hold elections when 60% of the territory is lost? number two, there is so much insecurity. i for one feel if you hold elections these islamic groups who are destroying mausoleums and tombs will destroy the how do we ensure security? even if the work is done, politicians are very divided. i can easily see some of them claiming they were cheated, just like we saw in " the war where the elections were impeccable. so i think it will be difficult to have accept
strategist and a former campaign aide for president george w. bush, julie roginsky is former political adviser to new jersey senate frank lautenberg. good to see you both. >> good to see you. gregg: didi, smoot-holly was passed decades ago for the purpose of putting tariff limits on incoming products. do we need to reexplore that? >> yeah. this was, this was back in the '60s. i mean, this was ancient history. why should these workers who get paid very well also get on top of that the booty of $15-$16,000 more. for what? this is just an extra fee and extra goodies per container. what this was back in the '60s was a way to help there be more workers, it was a deal done with the unions and the ports so they wouldn't use as much equipment and so they wouldn't be as efficient so they could keep their union workers. it's outdated, and it's wrong and, really, it's terrible -- gregg: julie, what do you think? >> i think if we're talking about smoot-holly which is a different issue just raised by didi, but, yeah, i think the president will probably intervene, and he did last time on the west co
the grand opening in july and not only the shuttle which is the centerpiece of all of this but there will be a telescope replica suspended here in this exhibit area. there will be about 60 int active games and such for people to see and use and play with and get an idea of what it's like again, it last flew in july 2011. that was the final shuttle flight of the shuttle program in history and atlantis, of course, the last of the shuttle fleet to fly. candy? >> john, thanks so much. it looks like fun. i will be there next summer. >> sure. >>> you're in "the situation room." happening now, the uniquely washington version of let's make a deal. we have the latest from the this afternoon's big meeting in the oval office. who's eavesdropping on your e-mail? the government may be. what congress is doing that may have civil libertarians up in arms. >>> and a plea for help describing work conditions and it may be a hoax and dirty international politics. welcome to our viewers around the united states and around the world. wolf blitzer is off today. i'm candy crowley and you'r
that it did. i was not on that trip, so i do not know specifically. i also visited libya in july. i also visited in september after the attack in benghazi. i can speak to my own experience. secretary clinton has said, all those of us as senior leaders are responsible for what is happening. i certainly hold myself accountable. i certainly had a lot of time to think about sharper questions i could have cost, sharper focus i could have provided. >> on your visit in july,, or september, the debt issue and specific come up? the folks on the ground say, we're worried about what has happened was security? >> no, there's no specific discussion about it. i did talk to ambassador stevens in general terms. in march of 2012? >> i am certain it did. we certainly emphasize the importance of not only improve in the security capabilities of the libyan interim government at that time. we offered a number of programs to help them build those institutions which are made one of the greatest weaknesses of the libyan it from government. -- interim government. >> your pretty sure that the issue came up, you ju
. >>> here it was on its final mission in july of last year. watch. >> all three engines up and burning. 2, 1, 0, and lift off. the final lift off of atlantis on the shoulders of the space shuttle. >> now the retired space shuttle will still be in the air, but not as high. elevated off the ground in its permanent home at kennedy space center. the new museum is set to open, but we're getting a sneak preview from john zarrella. john, i can tell by the hard hat and vest that it's still being bui built. a lot of work to be done. >> reporter: yeah, victor, this is an active construction site we're at. this is the museum facility. 90,000 square feet, $100 million project. when atlantis was towed over here, one of the walls was left off to get the vehicle in. . so everybody is asking, where's atlantis? let's take a look. that's it. in shrink wrap. 16,000 square feet of shrink wrap has been used to protect it it from debris that might fall as they are literally building this entire facility around the shuttle atlantis. and i've got the director of development here with me. i wanted to ask you. you ha
experience. i've also visited libya -- >> in july? >> i visited in july but i also visited in september after the attack on benghazi. so i can speak to my own experience. you know, went secretary clinton said all of his senior leaders in the department are accountable and responsible for what happened at it certainly felt myself. ihop the remains of my former colleagues back after the attack in benghazi. had been in the middle east on a trip and cut short to come back with them. and all that long flight home i certainly have a lot of time to think about sharper questions that i could've asked, sharper focus that i could have provided. spent on your visit in july or september, did you -- >> july, yes. >> did that issue come up? did the folks on the ground say to you we are really worried about what's happening here with security? we've made a number of requests? >> there was no specific question about that. i did talk to ambassador stevens about the security situation but we didn't talk about specifics at the time. >> secretary clinton met with the prime minister in march with -- you know if t
right now between what has happened in benghazi and the attack and what happens back in july of 2011 when the rebel commander was assassinated. that event precipitated -- still not liberated. people were thinking, this is the end of the revolution. and come back and like everybody out. in fact, what happened was that most often, the head of the in d.c. the time use that as a means of essentially quieting his detractors and consolidating power and helping move forward the onslaught on tripoli. to the extent that now we have what appears to be a progressive , more forceful, and i'm saying that qualifying, i don't have as much detail as i would like. new prime minister, you know, there's an opportunity here to maybe consolidate and something better will come out of the seven near future. anyway. i'm very happy to take any questions. >> thank you. i know that many of us have questions. as the way into the microphone comes to you identify yourself. >> yes. we hear a lot about tribal militias wreaking unpredictable havoc here and there and making things very and predictable and messy. can
two -- >> we need rescue inside the auditorium. multiple victims. >> seven down! >> july 20th, just past midnight, terror inside theater nine. >> nine miles east of denver where there was a mass shooting at a movie theater. >> in the end, 12 people killed, 58 others wounded. holmes faces 152 charges. many victims continue to recover, while others will never recover the loss they suffered that night. and number one -- >> unimaginable horror grips the nation in one of the deadliest school shootings in u.s. history. >> tragedy at sandy hook elementary. >> this is unspeakable what happened in this town. >> innocent children shot dead in their classrooms. the victims, . >> emilie's laughter was infectious and all those who had the pleasure to meet her would agree this world is a better place because she has been in it. >> in newtown, connecticut, an outpouring of compassion while the nation faced hard questions about mental health and guns. as the president issued an emotional call for action. >> for those of us who remain, let us find the strength to carry on and make our country worthy
to not know what rick rolling was, allow me to demonstrate. in july 2011, the white house tweeted the following. fiscal policy is important, but it can sometimes be dry. and then they pasted a link there for people to click on. when you click on the link to find out about this dry fiscal policies thing, this is happen had when you clicked on the link. ♪ >> there. you have been rick rolled. congratulations. a rick roll is an internet made you look prank. you promise somebody that they're going to see something cool and interesting new, and then they click on the link and get. this always this. it's not like any song, it's always this song. and this song is from 1987 from a man who i'm sure is very nice person who is named rick astley. but his name is rick, so it's rick rolled. this is an old online joke. it's weird and annoying, but it's annoying on purpose. you not only don't get to see the noteworthy thing that you were promised that you were interested enough in to click be, you also get this song stuck in your head, and it stay there's forever. it's the rick roll, okay? well,
was to pass every appropriations bill by the fourth of july break. my staff said i am crazy. it was feasible if you went about the work seriously. by the fourth of the library, guess what? all of the bills had been passed. we were able to send everyone of those bills to the president's desk. they were signed in the law with bipartisan support. that sort of work can make a difference. more voices need to be heard in support of that effort. >> my recollection would be since then, it has been budgeting by continuing resolutions. >> we have done an awful lot. a lot of people do not realize we have demonstrated we can do this regular order. the more we move the committee back rather than having everything dominated in a speaker's office, the better off the congress will be. >> who loses and who gains when -- >> the existing agencies have their pipelines already clogged with money and we throw more money at it without any serious oversight. continuing resolutions are ignoring our responsibility and our goal is that we have got a job to do. it is time we get back to the responsibility. >> the nickn
$8 million from youtube ads, eye tunes downloads, even commercials. since july the video has had close to 9 million views which is even more than justin bieber. love it. >> i love it. i love --. melissa: i'm staring at it. >> my 8-year-old nephew, he brings the house down every time. that thing comes on and he goes crazy. i don't know what it means. don't know any word of the song. melissa: bet you can't do that dance. >> in the shower,o?
that vote back on july 25th, the democratic bill is, quote, a revenue measure that didn't originate in the house so it's got no chance whatsoever of becoming law, end quote. that's what i said back on july 25th. the only reason we ever allowed that vote on that proposal is i said at that time was that we knew it didn't pass constitutional muster. and the democrats were really serious, they would proceed to a revenue bill that originated in the house as the constitution requires and as i called on them to do again last week. to repeat, the so-called nate bill is nothing more than a glorified sense of the senate resolution. so let's put that convenient talking point aside from here on out. last night i told the president we'd be happy to look at whatever he proposes but the truth is we're coming up against a hard deadline here and, as i said, this is a conversation we should have had months ago. and republicans aren't about to write a blank check or anything senate democrats put forward just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american peop
the granddaughters would carry his torch. so suzanne, i hope i'm sitting on the couch with you again on july 18th for his 95th birthday. >> that would be very nice. i would certainly hope that happens. nadia, thank you very much. i appreciate it. and if you want to see more, tune into cnn's "early start weekend" for nadia's full interview with mandela's granddaughters. that's tomorrow at 6:00 a.m. eastern. >>> and u.s. army general whose temper earned him the name stormin' norman has died. general norman schwarzkopf was one of the most celebrated leaders in the post-vietnam era. he led forces in kuwait after "operation desert storm." the retired general died yesterday in tampa, florida. president obama says the country has lost an american original. he was 78 years old. >>> in the philippines, at least 11 people are dead after a tropical cyclone slammed the central part of the country. the storm brought heavy flooding, landslides as well. two people are still missing. now, earlier this month, more than 1,000 died when a typhoon swept through that very same area. >>> the florida man known as the d
for a very different reason. accusing her parents david and julie ireland of stalking her and winning an unusual protection order against them, making them stay 500 feet away until at least next september. no one answered at the ireland's home in leewood today, but neighbors here describe a night-knit family, proud parents who worked hard to give their only child anything she wanted but veered toward overprotective. not letting her play at neighboring homes. neighbors also told us that the irelands went around the neighborhood asking friends and folks for letters of support saying they were good parents to take to court against their daughter. but the parents admitted to a cincinnati judge that they installed monitoring software on aubrey's computer and cell phone, making her feel like, quote, a dog with a collar on. aubrey says they would often drive to her campus unannounced to check on her, accusing her of promiscuity, drug use, and having mental problems. the parents say she's lying and that, quote, she's an only child that was cater to all her life by loving parents. we're not bo
's at its highest level since july. and investors are nervous because we still don't know what the actual tax ramifications are going to be going into 2013. there is a real potential. you could see people trying to get out of this market on monday in order to avoid perceived higher income taxes. higher taxes, capital gain taxes because we don't have any clear picture yet on what reid and mcconnell might be crafting. >> harris: wow. people getting out of market suddenly. which companies stand to lose if that happens? >> this is a really interesting list of companies that was actually compiled by goldman sachs. we were reporting this today. these are companies that get 50% of their sales, or more, from the u.s. government. deals of the government. lockheed martin, granted construction. grumed. saint jude medical. motorola, waste manage: these are companies that not only have big contracts with the government but employ a lot of people who should these contracts not be renewed to the extent they are right now. those employees could be facing an uncertain future. >> harris: wow, at a time wh
government. this past july u.s. attorney melinda hague filed forfeiture action against them. that means that the buildings could be seized dispensary shut down. it's all part of ongoing federal crackdown on pot in california. >> one of the reasons we are making these announcements today to try to put to rest the notion that large marijuana businesses can shelter themselves under state law and operate without fear of federal enforcement. >> henry, the lead attorney for harbor side, says in the past year hundreds of california dispensaries have been shut down. >> up until now every time the federal government has attempted to close down a dispensary through forfeiture action they have closed their doors and moved on. i suspect that that's what they thought was going to happen with harbor side but they got a big surprise. >> shortly after they received the notice, harbor side announced they would contest the case. and in october they received an unlikely ally, the city of oakland. city own barbara parker filed suited against the federal government. parker says oakland has already heavily
of the solution. so we have sent a bill to the house back in july, bipartisan bill that says what -- everybody says they don't want middle-class families to have their taxes go up, well, fine. why don't we start with something we can agree on, which is that? and just pass that. why doesn't the house just pass that? but as we know, the speaker couldn't even pass his own plan to say that up to a million dollars was exempt from tax cuts. so what they're doing is holding middle-class families hostage right now, trying to find some maneuver where the wealthiest people continue to get extra tax cuts that we just can't afford. so i'm not sure what's next. i can tell you the senate's here. we're in session. we had votes tonight. the president's here. i'm the eternal optimist. there are certainly things we can do including pass the farm bill that we passed last june that has $24 billion in savings by cutting subsidies for wealthy farmers. so there's a lot of things that we can do, but it's going to take the speaker deciding he wants to work across the aisle to get it done. >> but can the speaker work a
do with a decision? this is the highest point* of a one-year term. the highest point* is from july. this is the environment right now. it is a holiday but we will watch each sector under pressure. lori: more news then redo this time. tracy: fiscal clef finger-pointing underway in washington. harry reid says they're headed over the cliff. it is really about senator harry reid and mitch mcconnell? >> to develop the political staring contest democrats say republicans need to move and around rego. the president arrived this morning from hawaii and so with the top democrats and republicans but still no update to report. senate majority leader harry reid said it looks like we're going over a cliff and it is up to the house. >> speaker boner shed call people back to washington today and should not have let them go. they are not here. john boner cared more about his speakership than the financial footing. >> they're now working on a fiscal clear solutions they say the majority leader should talk less and legislate more. also mitch mcconnell says the leader is happy to review with the presi
to remove galstones and these are the most recent pictures only him taken in july by cnn at his 94th birthday party in 'tis home surrounded by his large family. but he looked bewildered and didn't smile. so different to the vigorous man who fought so hard, endured so much. other recent years, though, the former south african president has seemed frail and unsteady on his legs. public appearances became increasingly rare. just too much effort for a man in his 90s. those he did make, mandela sometimes dozed off during speeches and seemed confused. he's mostly spent his time at this home in the eastern cape. soothed by the slow pace of the rural rhythms in the hills near his boyhood village and it's unclear whelp and if he'll return back to his primary residence here. for now, though, south africans are just relieved that he's out of hospital. >> mandela, he's alive. >> i can see that. >> i'm worried about this. at least if he can manage to reach at least it, that would be grateful. >> reporter: a man who gave so much and who is still so deeply revered by anxious south africans. you jus
begin with a traffic stop back in july. >> i don't have marijuana. >> i don't smoke marijuana. >> gregg: a female officer was then called to the scene to perform a cavity search on both women. the officers say it was necessary because they saw the suspect throw what may have been marijuana cigarettes out of the car. women say they were molested, their rights were violated. was the search unconstitutional or did police really have probable cause here. joey jackson, vicky ziegler, former prosecutors. very sensitive subject. a lot depends on the videotape. i not sure you can discern critical issues? >> there is a lot we don't know certainly. when i looked at the video i saw some invasive procedures. it appeared that this female officer had her fingers in the backside of this woman. she went underneath her pants, underneath, we don't know if it was under her underwear, it appeared it was more than a frisk. more than a pat down allowed by the law. terry versus ohio you are allowed to pat down if you believe there is contraband but this was egregious. it was done on a public highway in front
rockets on july 4 or maybe setting up another nuclear test around new year's. you know, we go through these cycles. we assume that one day we are going to get them back to the negotiating table, we try to do that, and then they turn around and they break their promise. we are right back where we started from. my point is that i think we should really stop thinking about what we can do to handle this situation. rather, we should accept that the north koreans control the table on this. heather: so do nothing? >> well, what can we do? the chinese and russians don't help us on sanctions. they have been ineffective because china that dan. you know, when you look at it, everything that we have tried after the bush years has been a failure. now, during the bush years in the early part of that administration, it puts real financial squeeze on the regime. but then they drop it because they have this fantasy that if we can just sit down one more time with the north koreans, suddenly we will have a deal that will make all this go away. it is not how the world works. the north koreans are getting
and fierce winds. the unrelenting heat also proved deadly in the mid-atlantic and midwest states after july storms killed at least 22 people across the area. it also knocked out power, leaving millions sweltering. heat-related deaths climbed the to at least 20 in the chicago area. the by easy was not spared this year. hurricane isaac making landfall near new orleans on the eve of the 7th anniversary of hurricane katrina. isaac made landfall as category 1 hurricane. the slow moving storm drenched coastal areas. here is one of the hardest hit areas, plaquemines parish. it moved slowly inland inundating communities in arkansas as it passed. eerie skies over phoenix as a massive dust storm called a haboob blows in. winds 40 miles an hour bringing dust and sand from the desert. 2012 also saw the birth of a superstorm, a devastating hurricane that collided with a powerful cold system from canada that slammed the northeast. sandy made landfall in south jersey late october, flooding beach communities, submerging highways and washing iconic boardwalks into the observing shun. new york city's downtow
is a result of the dedi many people over so many years. our editor, july aye abrahamson, her deputy, and the editor of the book review, continue to show case our book coverage as a pillar of the times brand, maintaining that same integrity that my great grandfather intended when he instituted it from 115 years ago. unfortunately, sam could not be with us tonight. so, to jill and dean and to my other colleagues from "the new york times" who are sitting there at table 31, and also to chip legraph, sam's predecessor who is seated over there i'm so pleased to be able to share tonight's celebration with you, and so, too, is mark thompson, our ceo of the last three days, at the times, who joined us tonight. so thank you all. [applause] >> the book business is indeed very similar the news boons. at the end of the day we both tell stories. your readers, like ours, have options on how to experience these stories, whether it's lit up on a screen or printed on the pages of a paperback, people are still reading. and that's why the times is committed to investing in and growing our book coverage
rank in the foreign service career ambassador and became deputy secretary of state in july of 2011. she is only the second serving career diplomat in history to become deputy secretary and ambassador burns served from 2008 to 2011 as undersecretary for political affairs as assistant secretary of state for near eastern affairs from 01 to 05 and and esther jordan from 08 to 2001. ambassador burns served in a number of other posts in the foreign service in '82 and putting the executive secretary of the state department and a special assistant secretary to christopher albright and acting director of principal deputy director of the state department policy planning staff. ambassador burns is the recipient of the two presidential distinguished service awards and a member of department of state awards and all well learned. thank you. thomas nides is the deputy secretary of state for management and resources serving as the chief operating officer of the department. prior to joining the administration, mr. nides was the chief operating officer of morgan stanley from 2005 to 2010 before joining m
for liberation who elected a pro-american government in july, who sought greater u.s. assistance to treat their wounded, train their national security forces come to secure their borders, build their democratic institutions, and expand the rule of law. libyans did not want al qaeda militias running amok in large parts of the country. that is the reality we now face. this is the broader failure of the administration's so-called life footprint approach toward libya. regardless of whom the president nominates to serve in his cabinet, we will continue to ask these questions and demand answers and accountability. i would like to concur with senator mccain. i thought the report was very detailed and the recommendations good and solid in terms of how to better understand the intelligence and run it, how to improve security on the ground, and there is much we can learn from this report. here is what we do know -- we know nothing about president obama before, during, and after the attack. they're making two movies about his use of in the bin laden rate, and he deserves that. it was well executed a
victims. >> seven down! >> july 20th, just past midnight, terror inside theater nine. >> aurora, colorado, nine miles east of denver, where there has been a mass shooting at a movie theater. >> prosecutores say james holmes donned protective gear, threw tear gas and began firing. in the end, 12 people killed, 58 others wounded. holmes faces 152 charges. many victims continue to recover, while others will never recover the loss they suffered that night. and number one -- >> unimaginable horror grips the nation in one of the deadliest school shootings in u.s. history. >> tragedy at sandy hook elementary. >> this is unspeakable what happened in this town. >> innocent children shot dead in their classrooms. the victims, 16 6-year-olds, 4 7-year-olds with 6 adults. >> emilie's laughter was infectious and all those who had a pleasure to meet her would agree this world is a better place because she's been in it. >> in newtown, connecticut, an outpouring of kindness and compassion, while a nation faced hard questions about mental health and guns. as the president issued an emotional call for acti
including the latest crash involving a bullet train which killed 40 people. remember that? july. patti ann: well, anxiety is rising over big tax hikes and spending cuts set to kick in on january 1st. a growing number of lawmakers saying they are skeptical that a deal can be reached in five days to avoid the fiscal cliff, especially with the main sticking point coming down to whether to increase taxes for top earners next year among many other things. byron york, now, of "the washington examiner" joins us to talk about this. good morning, byron. >> good morning, patti ann. patti ann: so we're going to show a full scream of what would happen if -- full screen of what would happen if we go off that fiscal cliff. but you got democrats, including congressman john yarmouth of kentucky, saying, look, we may go off that cliff on january 1st, but we would creak it very quickly -- correct it very quickly thereafter, so do you believe that's the democratic plan? enter yes, and it's a republican nightmare. republicans have been reached no deal's reached, barack obama and democrats immediately propose
song gets utus past the fiscal cliff. >> the last time this happened in july of 2011, the credit rating was downgraded. the government's, not mine, but i guess i live here. that could happen again, right? >> we have seen that the politics are raising the debt ceiling are quite difficult. in 2011 your right what standard & poors said is americans political problems appear to be severe enough that they can't take care of business. we'll see if we have the same trouble this time around. the thing to remember is that the real problem is not the debt limit it's the debt. if they get serious about a deal to take down some of the debt and stop the growth they can take care of the debt limit in the same process. gregg: when the government dominates the credit marketplace by absorbing all of those borrowed dollars, doesn't that steal those dollars away from american businesses that it would seem to me desperately need phepl t them to keep operating. >> it's called crowding out. that is implications for investment. it has implications for our ability to export. those dollars finance exports. very
Search Results 0 to 49 of about 55 (some duplicates have been removed)